About This Property

Brand New on Market / Sought after Development Area / These properties are considered landmarks in Old Miami / Properties are located at the intersection between Midtown, The Design District, and the Upper East Side all very explosive areas for real estate sales & rentals / With the site having a strategic location at Edgewater & Midtown, both neighborhoods that have seen a massive influx of residential and mixed-use development becoming one of the most sought-after development markets in Miami / Property is Zoned T5-R with possibility of zoning change to T8-O / Also possible to use Workforce Affordable which include a lot of Developer Perks / Site may also qualify under Florida's Live Local Act which can unlock significant additional Density & Height with reduced parking requirements and expedited approvals / Both of these options would increase Density & Height / The site is comprised of 13,112 SF of land with two buildings totaling 9,946 SF producing income. All units are rented with long term tenants / Rents are way under market / Monthly rents are approximately $20,000. Gross Monthly / Owner Financing Available / Brightline Station coming soon to Biscayne & NE 38th St — adding significant transit value to this already prime location.

Key Features

• 13,148 sq ft Lot
• Built in 1947

Property Details

• Type: Single Family Home
• Year Built: 1947
• Lot Size: 13,148 sq ft
• HOA: Contact Agent
• Bedrooms: 0
• Bathrooms: 0
• Feature: 13,148 sq ft Lot
• Feature: Built in 1947
• Status: Active
• MLS Number: 1156621228
• Days on Market: 196
• Listed By: Modern World Realty · Diego Enrique Ramos
• Zip Code: 33137